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The latest news on the companies producing steel or raw materials used in the iron- and steelmaking process.
Latest News
CMC Receives Notice of Intention to Nominate Directors
20 October 2011 - Commercial Metals Co. (CMC) has received notice from Carl Icahn, and affiliated entities, of their intention to nominate three candidates for election to CMC's Board of Directors at the company's 2012 Annual Meeting. The notice also contains the intention to make certain proposals at the meeting.
Steel Dynamics Reports Third Quarter 2011 Results
18 October 2011 - Steel Dynamics, Inc. announced net income of $43 million on net sales of $2.0 billion for the third quarter, and net income of $248 million on net sales of $6.14 billion for the nine months ended September 30, 2011.
Steel Dynamics Names Millett as President and CEO, Effective 2012
17 October 2011 - The Steel Dynamics, Inc. Board of Directors has appointed Mark D. Millett to the position of President and Chief Executive Officer of the company, effective January 1, 2012. At that time, Keith Busse will become Chairman of the company's board of directors.
Nucor Lauds Passage of Currency Manipulation Legislation
13 October 2011 - Nucor Corp. commends the U.S. Senate for passing the bipartisan Currency Exchange Rate Oversight Reform Act of 2011 (S.1619), which provides sanctions on China or any other nation that manipulates its currency.
Universal Stainless Announces Vice President of Business Development
12 October 2011 - Universal Stainless & Alloy Products, Inc. announced the appointment of Jeffrey D. Daw to the position Vice President of Business Development.
Commercial Metals Company Announces Restructuring Actions
10 October 2011 - Commercial Metals has announced a number of restructuring actions, including the closure or sale of its CMC Sisak mill in Croatia, additional workforce reductions, closure of five rebar fabricating locations, and rationalization of eight construction services locations.
ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing
07 October 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.
SunCoke Energy on Track for November Start-up in Middletown
06 October 2011 - SunCoke Energy, Inc. reaffirmed that start-up plans are on track for its new Middletown, Ohio, metallurgical cokemaking facility.
Horsehead and Nucor Expand, Extend Recycling Services Agreement
05 October 2011 - Horsehead Corp. has entered into a 10-year agreement with Nucor Corp. that will expand and extend the existing commercial relationship between the companies.
AK Steel Acquires Iron Ore, Met Coal Interests
05 October 2011 - AK Steel has formed a joint venture with Magnetation for the production of iron ore concentrate. In a separate transaction, AK Steel also acquired all of the stock of Solar Fuel Company, which has significant reserves of low volatile metallurgical coal.
ArcelorMittal Helps Automotive Customer in Recovery Effort
03 October 2011 - As Honda's largest North American steel supplier, ArcelorMittal USA decided to support the automaker following the devastating earthquake and resulting tsunami that hit the northeast coast of Japan in March 2011.
Union-Represented Employees at ATI Ladish Forging Ratify New Labor Agreements
03 October 2011 - Allegheny Technologies reports that union-represented employees at ATI Ladish Forging in Cudahy, Wis., have ratified six-year agreements covering approximately 650 employees.
Steel Dynamics Renews, Increases Revolving Credit Facility
30 September 2011 - Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility from the prior $924 million level to a renewed five-year $1.1 billion facility.
United States Steel to Kick Off Annual United Way Campaign
30 September 2011 - United States Steel will kick off its Pittsburgh-area 2011 United Way employee campaign with its annual Party on the Plaza event on Friday, Sept. 30, 2011.
Worthington Reports First Quarter 2012 Results
29 September 2011 - Worthington Industries reported net earnings of $25.7 million on net sales of $602.4 million for its fiscal 2012 first quarter ended August 31, 2011.
Kobe Steel, Anshan Steel to Consider Automotive Steel Sheet JV in China
28 September 2011 - Kobe Steel has signed a nonbinding letter of intent with China's Anshan Iron and Steel Group to explore a possible joint venture in China for the production of cold-rolled advanced high strength steel sheet for automobiles.
Timken and USW Local 1123 Enter Early Contract Discussions
27 September 2011 - The Timken Company and United Steelworkers of America Local 1123 have agreed to enter early discussions about the current labor agreement.
Nucor Prevails in Class Action Case
26 September 2011 - The Eighth Circuit Court of Appeals has confirmed that a national class action brought against Nucor-Yamato not only was inappropriate, but there was no evidence of plant-wide discrimination at the Blytheville, Ark., plant.
EPA Recognizes Nucor Jewett for Environmental Stewardship
21 September 2011 - The EPA recognizes Nucor Steel’s Jewett, Texas, facility for its achievements in reducing mercury and lead as part of its participation in the EPA’s National Partnership for Environmental Priorities.
Republic Steel Celebrates 125 Years of SBQ Excellence
21 September 2011 - Celebrating 125 of leadership in special bar quality steel manufacturing, Republic has announced it will return to the name Republic Steel, reflecting its heritage of SBQ leadership and innovation.
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